Reliable Repairs & Service, an electronics repair store, prepared the following unadjusted trial balance at the end of its first year of operations:

For preparing the adjusting entries, the following data were assembled:
a. Fees earned but unbilled on April 30 were $9,850.
b. Supplies on hand on April 30 were $4,660.
c. Depreciation of equipment was estimated to be $6,470 for the year.
d. The balance in unearned fees represented the April 1 receipt in advance for services to be provided. During April, $15,000 of the services were provided.
e. Unpaid wages accrued on April 30 were $5,200.
Instructions
1. Journalize the adjusting entries necessary on April 30, 2016.
2. Determine the revenues, expenses, and net income of Reliable Service & Repairs before the adjusting entries.
3. Determine the revenues, expense, and net income of Reliable Service & Repairs after the adjusting entries.
4. Determine the effect of the adjusting entries on Retained Earnings.

Reliable Repairs & Service Unadjusted Trial Balance April 30, 2016 Debit Credit Balances Balances 10,350 16,200 Accounts Receivable 67,500 116,100 Accounts Payable.. 15,750 18,000 10,000 111,500 Common Stock Retained Earnings. Dividends 13,500 294,750 Rent Expense... Utilities Expense.... Miscellaneous Expense 94,500 72,000 51,750 450,000 450,000